Live Music Industry Financial Health
The 'Live Music Industry Financial Health' theme examines the economic state and trends within the live music sector. This includes analyzing revenue streams, market growth, and the overall financial stability of concerts, festivals, and venues. For instance, the global live music market was estimated at US$28.1 billion in 2023 and is projected to reach US$79.7 billion by 2030, growing at a CAGR of 16.1%¹. In 2019, the industry generated a direct impact of $55.2 billion in the US, supporting 913,000 jobs². Recent reports indicate an 8.7% increase in total concert grosses compared to the previous year, highlighting a paradox of growth amidst calls for sustainable evolution³.
Sources
Updated:
Jun 20, 2025
Live Music Industry Financial Health
The 'Live Music Industry Financial Health' theme examines the economic state and trends within the live music sector. This includes analyzing revenue streams, market growth, and the overall financial stability of concerts, festivals, and venues. For instance, the global live music market was estimated at US$28.1 billion in 2023 and is projected to reach US$79.7 billion by 2030, growing at a CAGR of 16.1%¹. In 2019, the industry generated a direct impact of $55.2 billion in the US, supporting 913,000 jobs². Recent reports indicate an 8.7% increase in total concert grosses compared to the previous year, highlighting a paradox of growth amidst calls for sustainable evolution³.
Sources
Updated:
Jun 20, 2025
Live Music Industry Financial Health
The 'Live Music Industry Financial Health' theme examines the economic state and trends within the live music sector. This includes analyzing revenue streams, market growth, and the overall financial stability of concerts, festivals, and venues. For instance, the global live music market was estimated at US$28.1 billion in 2023 and is projected to reach US$79.7 billion by 2030, growing at a CAGR of 16.1%¹. In 2019, the industry generated a direct impact of $55.2 billion in the US, supporting 913,000 jobs². Recent reports indicate an 8.7% increase in total concert grosses compared to the previous year, highlighting a paradox of growth amidst calls for sustainable evolution³.
Sources
Updated:
Jun 20, 2025
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